WINTON GROUP Ltd Sells 168 Shares of PC Connection, Inc. (NASDAQ:CNXN)

WINTON GROUP Ltd lessened its stake in shares of PC Connection, Inc. (NASDAQ:CNXN) by 1.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,131 shares of the company’s stock after selling 168 shares during the quarter. WINTON GROUP Ltd owned about 0.06% of PC Connection worth $1,048,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Thrivent Financial for Lutherans lifted its position in PC Connection by 20.5% during the third quarter. Thrivent Financial for Lutherans now owns 11,338 shares of the company’s stock worth $855,000 after acquiring an additional 1,927 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of PC Connection during the third quarter worth approximately $243,000. Charles Schwab Investment Management Inc. lifted its holdings in PC Connection by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 244,818 shares of the company’s stock worth $18,467,000 after purchasing an additional 10,925 shares during the last quarter. Algert Global LLC bought a new stake in PC Connection in the 3rd quarter valued at $650,000. Finally, FMR LLC grew its holdings in PC Connection by 33.0% in the 3rd quarter. FMR LLC now owns 41,108 shares of the company’s stock valued at $3,101,000 after buying an additional 10,206 shares in the last quarter. Institutional investors own 42.85% of the company’s stock.

PC Connection Stock Performance

CNXN opened at $61.93 on Friday. The stock has a fifty day moving average of $65.85 and a 200-day moving average of $69.79. The company has a market capitalization of $1.62 billion, a P/E ratio of 18.82, a P/E/G ratio of 1.96 and a beta of 0.61. PC Connection, Inc. has a fifty-two week low of $57.47 and a fifty-two week high of $77.19.

PC Connection (NASDAQ:CNXN) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.12). PC Connection had a return on equity of 9.74% and a net margin of 3.11%. During the same quarter last year, the firm posted $0.90 earnings per share. On average, equities research analysts predict that PC Connection, Inc. will post 3.33 earnings per share for the current fiscal year.

PC Connection Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, February 25th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 25th. This represents a $0.60 dividend on an annualized basis and a yield of 0.97%. This is an increase from PC Connection’s previous quarterly dividend of $0.10. PC Connection’s dividend payout ratio is currently 18.24%.

About PC Connection

PC Connection, Inc, together with its subsidiaries, provides a range of information technology (IT) solutions. The company operates through three segments: Business Solutions, Enterprise Solutions, and Public Sector Solutions. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories.